2023 Housing Market Forecast

A Few Highlights From The Forecast

From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. Although home sales may slow, the overall outlook is still good. Combine that with Texas’ status as popular destination for businesses and those who are tired of the cold and you have a good recipe for steady growth, even if a bit slower than many had hoped after the last few years.

Sources

• realtor.com
• Home Price Expectations Survey (HPES)
• National Association of Realtors (NAR)
• Mortgage Bankers Association (MBA)
• Fannie Mae
• Freddie Mac
• Zelman & Associates
• Greg McBride, Chief Financial Analyst, Bankrate